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Required information [The following information applies to the questions displayed below.] Fred currently earns $9,800 per month. Fred has been offered the chance to

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Required information [The following information applies to the questions displayed below.] Fred currently earns $9,800 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $10,800 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $108,700. b. Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on January 1 of next year. How much U.S. gross income will Fred report next year if he accepts the six-month assignment abroad and returns home on July 1 of next year? Income reported

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